JD.com (JD) Research & Development (2013 - 2026)

JD.com (JD) has reported Research & Development for 14 consecutive years, with -$995.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Research & Development fell 56.2% year-over-year to -$995.0 million; the TTM figure through Mar 2026 stood at -$3.5 billion (down 42.43% YoY), while the FY2025 annual figure was $3.2 billion, up 36.26% from the prior year.
• Research & Development slipped to -$995.0 million in Q1 2026 per JD's latest filing, from -$953.0 million in the prior quarter.
• Across five years, Research & Development topped out at -$520.0 million in Q3 2023 and bottomed at -$995.0 million in Q1 2026.
• Historically, Research & Development has averaged -$664.2 million across 5 years, with a median of -$611.0 million in 2023.
• Annual changes were most pronounced in 2023 — Research & Development gained 11.85% — and 2025, when it slumped 58.57%.
• JD.com's Research & Development stood at -$633.0 million in 2022, then advanced by 3.48% to -$611.0 million in 2023, then grew by 1.64% to -$601.0 million in 2024, then slumped by 58.57% to -$953.0 million in 2025, then decreased by 4.41% to -$995.0 million in 2026.
• Business Quant data shows JD's Research & Development at -$995.0 million in Q1 2026, -$953.0 million in Q4 2025, and -$793.0 million in Q3 2025.